Investor Presentaiton
NSPW | Investor Fact Book October 2023 | Xcel Energy
41
NSPW | Consolidated Statements of Cash Flows
Years Ended December 31
Amounts in Millions
2022
2021
2020
Operating activities
Net income
$125
$108
$107
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization
159
148
158
Deferred income taxes
(2)
9
(36)
Allowance for equity funds used during construction
(7)
(5)
(5)
Provision for bad debts
4
4
7
Changes in operating assets and liabilities:
Accounts receivable
Accrued unbilled revenues
Inventories
(13)
(5)
(12)
(5)
(16)
(14)
(12)
(5)
Other current assets
(20)
(4)
(3)
Accounts payable
5
8
(3)
Net regulatory assets and liabilities
18
(41)
Other current liabilities
16
2
4
Pension and other employee benefit obligations
(4)
(9)
(7)
Other, net
(5)
(1)
(3)
Net cash provided by operating activities
257
186
202
Investing activities
Capital/construction expenditures
Investments in utility money pool arrangement
Repayments from money pool arrangement
Net cash used in investing activities
(353)
(264)
(238)
(100)
(71)
100
71
(353)
(264)
(238)
Financing activities
Proceeds from (repayments of) short-term borrowings, net
(35)
Proceeds from issuance of long-term debt
99
99
64
(46)
99
Repayments of long-term debt
(19)
Borrowings under money pool arrangement
591
358
Repayments under money pool arrangement
Capital contributions from parent
Dividends paid to parent
Net cash provided by (used in) financing activities
Net change in cash, cash equivalents and restricted cash
Cash, cash equivalents and restricted cash at beginning of period
Cash, cash equivalents and restricted cash at end of period
(591)
(358)
114
46
(91)
(103)
(70)
87
87
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(9)
9
1
11
2
1
$2
$11
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